AHPA Releases Results of Their Vote to Extend Deadline
by Kristi Marvin on 2018-10-04 at 10:14pm

AHPA will now have until February 15, 2019 to complete their transaction

Avista Healthcare Public Acquisition Corp. released the results of their shareholder vote to extend their completion deadline to February 15, 2019 today, and the good news for AHPA is, they now have additional time to complete their business combination. However, as expected, the entire Trust has been redeemed. 30,798,019 shares exercised their right to redeem for cash at a redemption price of approximately $10.20 per share, for an aggregate redemption amount of approximately $314,258,591. Per their most recent 10-Q, there was $314,820,605 held in trust. So, less taxes, etc….the entire trust was wiped out.  There may have been a share or two that didn’t redeem, but does that really matter?

However, look at the table below…


3.3 million shares voted against and 2.4 million abstained.  That’s approximately $57 million worth of shares that decided to say, “You know what, I’m not happy.”  Does it make a difference to AHPA?   No, but it was probably an easier box to check off than “yes”.

Regardless, AHPA gets to complete their deal and the rest of the SPACs out there grind on.  But investors have long memories…Next one ain’t gonna come cheap.


Recent Posts
by Kristi Marvin on 2023-11-25 at 11:45am

Terms Tracker for the Week Ending November 24, 2023 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. This being the Thanksgiving holiday week, we are thankful for a lot of things, but mostly that 2023 is almost over. It’s been a rough...

by Nicholas Alan Clayton on 2023-11-24 at 7:35am

At the SPAC of Dawn Though perhaps stuffed to the brim, SPAC activity continues this Thanksgiving Friday with votes by Clean Earth and Zalatoris to extend a deadline and amend trust contributions, respectively. At least seven de-SPACs are also reporting earnings today and will do so going into a futures market that is mostly green...

by Marlena Haddad on 2023-11-22 at 9:45am

IB Acquisition Corp. submitted its S-1 filing Friday afternoon for a $100 million IPO, coming right on the heels of Bayview Acquisition Corp, which also filed its S-1 that day. IB is also similar to Bayview in that its units do not feature a warrant but include 1 right for 1/10. However, its trust is slightly...

by Nicholas Alan Clayton on 2023-11-22 at 8:53am

Integrated Wellness (NYSE:WEL) announced in an 8-K filing that it agreed to transfer control of its sponsor to Sriram Associates, which will now take on the SPAC’s financial obligations and may appoint a new team. Sriram is acquiring 2,012,500 promote shares (70%) and 4,795,000 private placement warrants (70%) for the nominal purchase price of $1....

by Nicholas Alan Clayton on 2023-11-22 at 7:45am

At the SPAC of Dawn So far, seven SPACs have announced their liquidations this week and although some others may choose to use the holiday to quietly disband, this tends to be a positive week for equities in general. Going back to 1961, the S&P 500 has ended the Thanksgiving week with gains three-quarters of...


Copyright © 2023 SPACInsider, Inc. All Rights Reserved